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E24: Markets trend down, political manipulation via COVID “Zeroism," stimulus breakdown, biological Patriot Act
All-In with Chamath, Jason, Sacks & Friedberg
The Markets Are Looking Pretty Grim for Textocks Right Now
The markets are looking pretty grim for textocks right now, but this all started because of a really great jobs report showing that the economy is roaring back. So we added 379 thousand jobs in february, which beat expectations by hundred thousand. They also revised the january gains up a hundred and 66 thousand. Now the unemployment rate is down to six point two %. Remember, it was at like 15 % last summer during the the lock downs for covit. And what investors are doing is figuring out how to now price, or reprice, all these different stocks in light of the economy roaring back.
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